Danfoss grows its big heat pump and cooling portfolio with acquisition of Palladio Compressors
HVACR giant Danfoss has expanded its portfolio of equipment for large-scale heating and cooling applications with the purchase of screw compressor specialist Palladio Compressors.
Danfoss said the acquisition, in line with its LEAP 2030 strategy of expansion to achieve carbon neutrality by 2030, marks a significant widening of its broad compressor portfolio, covering applications from light commercial comfort to large-scale process cooling, heating, and refrigeration.
The company said:
Over the past two years, Danfoss and Palladio have evaluated technological synergies, particularly in high-lift heat pumps. Integrating Palladio’s screw compressors with our existing technologies promises competitive and advanced high-temperature solutions.”
Fabio Klein, Divisional President, Danfoss Commercial Compressors, said:
We are thrilled to welcome Palladio Compressors and its talented team into the Danfoss family. This acquisition broadens our technological capabilities and reinforces our commitment to decarbonisation across industries. Palladio’s advanced technology complements our portfolio, enhancing our compressor solutions for industrial heat pumps and large commercial and industrial refrigeration.”
The company said the Palladio range ‘will address the limited offerings of advanced, non-captive screw compressors.’ It added:
We are well-positioned to support customers entering new markets with compressors utilising natural and low-GWP refrigerants. When deciding on a suitable compressor for their systems, our customers consider factors such as size, energy intensity, and payback period requirements. Our screw offering allows us to address this uncovered middle market segment.”
The newly-branded Danfoss Screw range will benefit from increased investment in R&D, production, and sales capacities, ensuring robust capabilities and market presence, the firm said.
Also, it added, by integrating screw technology into its suite of compressors, valves, controls, heat exchangers, and sensors, Danfoss is reinforcing its commitment to delivering greener and more efficient solutions worldwide.
David Candio, CEO of Palladio Compressors said:
Joining Danfoss is a transformative opportunity. Together, we can leverage our combined expertise to drive innovation and expand our global reach. We are committed to providing increased options and seamless business continuity for our customers.”
- Danfoss will be among the exhibitors at the inaugural elementalLONDON on 19-20 November,
